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Protectionism and reforms in the banking sectors of the Eastern European countries

Konopielko, Lukasz; (2000) Protectionism and reforms in the banking sectors of the Eastern European countries. Doctoral thesis (Ph.D), UCL (University College London). Green open access

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Abstract

This dissertation deals with changes in the banking systems of Poland, Hungary and the Czech Republic, with particular reference to foreign entry. The first chapter establishes a background for research, and depicts the banking systems of these countries at the beginning of reforms and nowadays. Foreign entry is discussed, and methodology to compare foreign and domestic banks performance based on the Cobb-Douglas production function estimation is developed. The second chapter discusses financial repression and deals with one of the key instruments used in Eastern Europe - reserve requirements. The third chapter discusses foreign banks' strategies of entry. It presents results from a survey of the main Western banks operating within the region and also specific case studies of entry. The fourth chapter deals with protectionism and impediments to investment in banking services. Protectionist measures which have been applied in Poland, Hungary and the Czech Republic are identified and discussed. The "Polish Bank Consolidation Programme" is analysed in detail, and some predictions of its effects are made using a translog cost function. The final chapter discusses the costs and benefits of foreign entry, using descriptive methodology and comparing the analysed systems in the framework of a Structure-Conduct-Performance Model. This study supports the main thesis that the foreign bank entry is one of the most important factors influencing banking sectors of Eastern European countries. The thesis is supported by showing the differences between the development of each banking sector, and arguing that the attitude to and allowance of foreign entry was one of the most important factors explaining these differences. However, foreign entry cannot be treated as an immediate panacea for all problems plaguing East European banking sectors, and the competitive impact of foreign banks is restricted mainly to corporate services.

Type: Thesis (Doctoral)
Qualification: Ph.D
Title: Protectionism and reforms in the banking sectors of the Eastern European countries
Open access status: An open access version is available from UCL Discovery
Language: English
Additional information: Thesis digitised by ProQuest.
Keywords: Social sciences; Banking reforms
URI: https://discovery.ucl.ac.uk/id/eprint/10098229
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